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Significant bump in traffic seen at Guyana Pavilion as OTC returns

OilNOW -
Traffic at the Guyana Pavilion at the Offshore Technology Conference (OTC) has been the highest ever to date, according to Georgetown Chamber of Commerce and Industry (GCCI) President, Kester Hutson.  Hutson is leading a delegation of member companies to the...
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Exxon Guyana drilling operations providing exciting opportunity for Noble 

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Offshore drilling contractor, Noble Corporation plc, said it has been awarded a significant additional backlog commitment from ExxonMobil Guyana under its Commercial Enabling Agreement (CEA).  The contract duration was extended for four drillships operating under the CEA, from Q4 2025...
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Saipem Constellation, FDS2 vessels to commence final phase of Uaru field development

OilNOW -
With the Uaru development plan (FDP) finalised, oilfield giant Saipem has been given the green light by ExxonMobil Guyana to commence the final phase of the subsea work for the Stabroek Block project.  Saipem said the awarded scope of work...
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Drilling to resume at CGX’s Wei-1 Guyana well, after medium-sweet oil find

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CGX Energy said on Wednesday drilling operations at the Wei-1 well offshore Guyana has encountered multiple oil-bearing intervals in the western channel fan complex of the northern portion of the Corentyne Block. The intervals, CGX said, are in formations of...
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Guyana gov’t disagrees with Court on Exxon’s insurance obligations for offshore operations

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The Guyana government and the Environmental Protection Agency (EPA) are set to appeal a recent Guyana Supreme Court ruling that determined that the EPA and ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), breached the terms of the...
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Report assigns 1 billion boe of prospective resources for Eco Atlantic in Block 3B/4B off South Africa

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Eco (Atlantic) Oil & Gas Ltd. recently announced that RISC Advisory (UK) Limited, an independent oil and gas advisory firm, has estimated the total Unrisked Gross P50 Prospective Resources at approximately 4 billion barrels of oil equivalent (BOE) in...
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500+ million barrels already pooled for Total’s potential Suriname development

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TotalEnergies CEO Patrick Pouyanné has announced that 2023 is set to be a big year for Suriname, as the company looks to consolidate its oil pool offshore. Speaking about the company's activities, Pouyanné explained that an appraisal well is...
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bp nets US$8.2 billion in Q1 profits

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London-based bp reported a dip in its first quarter profits after raking in big bucks in 2022 because of the Russia-Ukraine war. Bp said it earned US$8.2 billion in Q1 profits, down from US$10.8 billion in the last quarter.  Its...
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ExxonMobil’s advantaged assets in Guyana, Permian Basin pushing it well ahead of competition

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With prime assets in Guyana and the Permian Basin supporting a multi-billion dollar balance sheet each quarter, Chief Executive Officer (CEO) and Chairman of ExxonMobil Corporation, Darren Woods said his company's performance remains rock-solid and well ahead of the...
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Georgetown, Louisiana businesses to explore partnerships

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The Georgetown Chamber of Commerce & Industry (GCCI), a key private sector group in Guyana, signed a Memorandum of Understanding (MOU) with the South Louisiana Economic Council (SLEC) at the Annual Offshore Technology Conference in Houston, Texas. This move,...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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